SME's not ready for auto enrolment

 SMEs ill-prepared for auto enrolment

Research from accountancy software provider QuickBooks shows that many small firms are unprepared for new rules requiring them to provide a pension for their staff. Set-up costs for Automatic Enrolment are estimated to be £8,900, yet two-fifths of small firms don"t know how much or don"t think it will cost anything to implement. Meanwhile, a third said they might be forced to cap staff salaries and/or bonuses and a fifth said they will have to reduce employee benefits to meet the new requirements say Harris & Co chartered accountants Northampton, the specialist small business accountants